This Specialty Property is no longer advertised on LoopNet.com.

1560 E Elm Ave
Monroe, MI 48162
Specialty Property For Sale · 23,230 SF

Investment Highlights

  • Own the property and the water rights, across from where the historical Battle of Frenchtown occurred, Full access to Lake Erie

Property Facts

Property Type Specialty
Property Subtype Marina
Building Class C
Lot Size 6.24 AC
Building Size 23,230 SF
No. Stories 1
Year Built 1983
Parking Ratio 1.59/1,000 SF
Zoning WC

Amenities

  • Signage
  • Waterfront

About 1560 E ELM AVE , MONROE, MI 48162

Marina with direct deep-water access to Lake Erie for sale just in time for Summer! Real estate (two parcels – 1560 E. Elm/1741 E. Front), business, fixtures, equipment & a billboard land lease included. 1800 ft. water frontage on Elm Ave. and 600 ft. water frontage on Front St. 200 water slips (50 @ $450, 75 @ $650 & 75 @ $950), 256 indoor racks ($33/lineal ft.) in two buildings totaling over 43,000 sq. ft. Capable of storing 350 boats indoor during Winter ($3.25/sq. ft.). Many outdoor racks available for outdoor Winter storage as well ($1.75/sq. ft.). Gasoline services are onsite. 3,200 sq. ft. (currently unused) store/showroom/restaurant/workshop. Onsite living quarters (576 sq. ft.). Bait shop and fish cleaning outfit on Front St. parcel. One TraveLift (15-ton cap.) and two marine forklifts (9-ton cap. & 14-ton cap.). Bath/shower facilities for customers. Adjacent bike trail (Heritage Trail) leads to Sterling State Park, a very popular bar/restaurant and within walking distance to the River Raisin National Battlefield Park, where the Battle of Frenchtown occurred. Currently offers general repairs and maintenance on boats but there is ample opportunity for growth and expansion, as fiberglass and canvas/upholstery work are outsourced. There are additional ancillary parts of the marine business (hauling, shrink-wrapping, etc.) that make the opportunities limitless! A motivated seller whose willing to aid in the transition process. Land developers, Google “River Raisin Master Plan” and see the opportunities that surround the immediate area. Please do NOT approach employees or customers regarding the sale. This is an amazing investment.

Property Taxes

Property Taxes

Parcel Number
55-59-01895-002
Land Assessment
$89,840
Improvements Assessment
$427,460
Total Assessment
$517,300
  • Listing ID: 11745394

  • Date on Market: 2/27/2018

  • Last Updated:

  • Address: 1560 E Elm Ave, Monroe, MI 48162

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